$CRV Long Liquidation Update:

$CRV Long Liquidation Alert: There has been a major long liquidation of $91.515K at a price of $0.912.

This suggests that a significant number of traders who were betting on the price going higher have been forced to sell their positions, creating downward pressure on the price.

What’s Next for $CRV ?

Current Market Sentiment: The liquidation suggests that there may be some short-term bearish pressure on CRV.

However, this could also create an opportunity for a bounce if the selling pressure subsides.

Support Levels: After the liquidation, the price may seek support at lower levels.

Look for price action around the $0.850 to $0.870 range for potential signs of stabilization and a possible reversal.

Resistance Levels: If CRV starts to recover, the $0.920 to $0.940 range will likely act as resistance.

Trade Setup:

1. Buy Zone:

$0.850 to $0.870: This is the potential buy zone where CRV could find support. If the price enters this range and shows signs of bouncing, it could be a good entry point for a long position.

2. Target:

$0.920 to $0.940: If CRV starts recovering, the next target would be around the $0.920 - $0.940 resistance zone. This is where the price might face challenges moving higher.

3. Stop Loss:

To manage risk, set a stop loss just below $0.840. This will protect you in case the price continues to drop further after the liquidation.

Key Takeaways:

Watch the $0.850 - $0.870 zone for potential support and buying opportunities.

If the price shows strength, target the $0.920 - $0.940 range.

Stop loss should be placed below $0.840 to manage risk in case of further downside.